Europe June styrene CRP rolls over at €1,355/tonne

LONDON (ICIS)--The European June styrene customer reference price (CRP) has been settled at €1,355/tonne ($1,673/tonne), a rollover from the previous month, the seller involved confirmed on Monday.

The rollover was in line with the June barge contract, which was also unchanged this month. Despite the €73/tonne increase for feedstock benzene, the outlook for styrene in June is somewhat bearish so a rollover was deemed a fair compromise.

The contract was agreed on a free carrier (FCA) ?xml:namespace>Rotterdam basis. Further confirmation from buyers is pending.